Ancient One
03-20

Gold price drop is rather silly. At $4500, central banks are accumulating. The excuses for gold price drop is supposedly oil prices going up and Fed not reducing interest.

1. less oil or more expensive oil would means less gold available or more expensive gold going forward but oil prices don't affect gold already mined.

2. War = expensive oil which gold mining requires , meaning more higher ASIC in future, so gold will cost more

3. War = inflation and unemployment going up hand in hand - ie stagflation, ie QE, ie value of USD dropping regardless of interest rates. 

4 institutions are caught pants down and are setting the narratives so that they can rotate in. 

Gold Rebounds — Take Profits or Keep Holding?
Gold prices rebounded strongly, snapping a nine-day losing streak, as reports emerged that the U.S. is seeking a ceasefire to advance diplomatic negotiations. Gold rose as much as 2.2%, climbing back above $4,570 per ounce, extending the previous session’s 1.6% gain. Trump stated that Iran has presented a “gesture of goodwill” for negotiations, related to energy transportation through the Strait of Hormuz. According to Axios, Washington and regional mediators are discussing the possibility of high-level peace talks as early as Thursday, though they are still awaiting Tehran’s response.
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Comments

  • mojo2026
    03-23
    mojo2026
    must have the conviction
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